Xi Jinping cements his control as party plenum prepares to pass resolution on Chinese history (FT, SCMP)
Explainer from the (SCMP)
The view from the People’s Daily)
“Xi’s expanding power is a growing risk for the Chinese economy” (Bloomberg)
China junk bond yields top 25% as property sector strains intensify (WSJ)
Fed warns that ailing China real estate sector poses risks to the US economy (FT)
US expects to roll out first projects for BRI-challenging infrastructure push in January (Reuters)
Analysis: A new study shows that Chinese aid meaningfully benefits recipient countries (Project Syndicate)
Ant Group reshuffles consumer loan business to make it clear who’s actually doing the lending (Caixin)
SoftBank lost $54 bn on China tech crackdown (WSJ)
Neil Shen of Sequoia China is unloading his personal stakes in China’s digital giants (FT)
China has built mockups of US warships in the desert for missile target practice (WSJ, SCMP, Reuters)
PwC to boost China headcount by 2000 (FT)
More than 11,000 business people died by suicide in India in 2020, a 29% jump from 2019 (The WIre)
Vietnam leads rapid recovery in SEAsia supply chains (Nikkei Asia)
Citibank to take $1.5 billion charge on exiting South Korea retail banking (FT)
People ‘unvaccinated by choice’ in Singapore will no longer receive free covid treatment (Washington Post)
COP 26 – rich countries pushing back against compensation for climate change (BBC)
Why financing the multi-trillion-dollar transition to net zero isn’t that hard (WSJ)
PBoC will offer cheap loans to financial institutions backing China’s fight against climate change (Caixin)
And finally: Malaysian court blocks government bid to seize $27 million in luxury goods and cash taken from ex-PM Najib’s apartment (Straits Times)